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Problem 5 (30 Points) Suppose you have a client with no insurance of any kind. Suppose further that the client is 45 years old with
Problem 5 (30 Points) Suppose you have a client with no insurance of any kind. Suppose further that the client is 45 years old with a 30-year old spouse and two children. The client makes $100.000 per year and the spouse doesn't work outside the home. The client has no debt, but may be thinking about buying a new, larger house which will require the client to go into debt. The client also owns: $250,000 home, which he owns free and clear A 2018 Audi Q5 SUV valued at approximately $50,000 Another 2018 Audi Q5 SUV valued at approximately $45,000 Two vintage MG T-Series Roadsters, each valued at $150,000 A collection of Rolex watches total value: $75,000 Your client has about $100,000 in his 401k and about $10,000 in liquid accounts. Calculate a total insurance package for your client
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